What is the delivery fee for stock index futures? The delivery fee of stock index futures refers to the fee that investors need to pay when delivering stock index futures. Including two parts, one is the handling fee charged by the exchange, and the other is the delivery fee charged by the settlement company.
Exchange handling fee refers to the fee charged by the exchange according to a certain proportion of the transaction amount in the process of stock index futures trading. The charging standard of the handling fee will be different according to the regulations of the exchange, and investors need to calculate the corresponding handling fee according to their own transaction amount.
The delivery fee of the clearing company refers to the fee charged by the clearing company during the delivery of stock index futures, which is charged according to a certain proportion of the delivered positions. The charging standard of the delivery fee will also be different according to the regulations of the clearing company, and investors need to calculate the corresponding delivery fee according to their positions.
Calculation method of delivery fee The calculation method of delivery fee is different according to the regulations of exchange and clearing company. Generally speaking, the transaction fee is charged according to a certain proportion of the transaction turnover, and the calculation formula is as follows:
Exchange commission = turnover * commission rate
The delivery fee of the clearing company is charged according to a certain proportion of the delivered positions, and the calculation formula is as follows:
Clearing company delivery fee = position * delivery rate
When calculating the delivery fee, investors need to calculate the corresponding handling fee and delivery fee according to their own trading volume and positions, and add them to get the total delivery fee.
Factors affecting the delivery cost of stock index futures The delivery cost of stock index futures will be affected by many factors, including the charging standards of exchanges and settlement companies, trading volume and the size of positions.
Different exchanges and settlement companies charge different fees, so investors need to determine the corresponding delivery fees according to the exchange and settlement company they choose.
Trading volume and positions will also affect the delivery cost. The greater the transaction amount, the higher the handling fee; The bigger the position, the higher the delivery fee. Investors should pay attention to controlling trading volume and positions when delivering stock index futures to reduce delivery costs.
How to reduce the delivery cost of stock index futures In order to reduce the delivery cost of stock index futures, investors can take the following measures:
Choose exchanges and settlement companies with low fees. Different exchanges and settlement companies have different charging standards. Investors can choose the exchange and settlement company with lower fees by comparing the handling fee rate and delivery rate of different exchanges and settlement companies.
Control trading volume and position. The volume and position will directly affect the delivery cost, and investors can reduce the delivery cost by controlling the volume and position.
Reasonable planning of trading strategy. Investors can formulate reasonable trading strategies according to market conditions and their own investment objectives, reduce trading times and holding time, and thus reduce delivery expenses.
It is concluded that the delivery fee of stock index futures is the fee that investors need to pay when delivering stock index futures, including the handling fee of the exchange and the delivery fee of the settlement company. The calculation method of delivery fee varies according to the regulations of exchanges and clearing companies. Investors need to calculate the corresponding handling fee and delivery fee according to their trading volume and positions, and add them to get the total delivery fee. In order to reduce delivery costs, investors can choose exchanges and settlement companies with lower costs, control trading volume and positions, and plan trading strategies reasonably.